Partior Welcomes Deutsche Bank as Strategic Investor

Published: November 28, 2024

Partior, the blockchain-based fintech for real-time clearing and settlement, is pleased to announce that Deutsche Bank has joined its Series B funding round as a strategic investor, bringing the total investment to $80 million.

This marks the close of the second round in Partior’s Series B funding and comes on the heels of the first close led by Peak XV Partners in July 2024 with participation from J.P. Morgan, Jump Trading Group, Standard Chartered, Temasek and Valor Capital Group. With Deutsche Bank’s investment, Singapore-based Partior will further bolster its global reach and scale its cross- border capability, as well as develop and enhance innovative functions like Intraday FX swaps and Just-in-Time multi-bank payments.

Founded in 2021 and backed by DBS Bank, J.P. Morgan, Standard Chartered, Temasek, and Peak XV, Partior enables real-time, atomic clearing and settlement, providing instant liquidity and transparency, offering enhanced security, and overcoming challenges commonly associated with sequential processing in legacy payment systems.

Deutsche Bank’s intention is to join as a Euro and US dollar settlement bank on the Partior platform, which underscores its commitment to empower its customers with real-time, secure, and scalable settlement solutions. This also complements Deutsche Bank's recent launch of dbX, a next-generation correspondent banking ecosystem designed to optimise and expand its financial institution client services.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency. Deutsche Bank, as the largest EUR clearer, is excited to be a leader in this revolution and harness cutting-edge technology to enhance the speed, transparency, and security of payments expected by clients and peers alike,” said Patricia Sullivan, Global Head Institutional Cash Management, Deutsche Bank.

“Deutsche Bank’s investment and collaboration are a powerful validation of our vision to transform global financial infrastructure.” said Humphrey Valenbreder, Chief Executive Officer of Partior. “With their support, we will accelerate our mission to deliver seamless, secure, and instant cross-border transactions for financial institutions worldwide. We are also proud to announce that we have now processed over USD 1 billion in value worth of transactions, marking a significant milestone in our journey and the growing industry belief in our platform.”

Partior’s blockchain-based network addresses longstanding industry inefficiencies in the industry, including settlement delays, limited transparency, and high operating costs. By removing the need for intermediaries, Partior simplifies the clearing and settlement process for global financial market participants, including banks and payment service providers. Its 24x7 blockchain network also interoperates with real-time local currency payment and RTGS systems globally, and facilitates both direct and indirect settlement flows with market players.

Partior's platform currently supports USD, EUR, and SGD, with plans to integrate additional currencies including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR. It is actively expanding its network across the Americas, EMEA, and Asia, collaborating with leading banks, central banks, and fintech companies to drive the adoption of its innovative solutions.